FXINX

About FXINX

Fidelity Flex International Focused Index Fund is an index-tracking mutual fund designed to mirror the performance of a concentrated basket of non‑U.S. large- and mid‑capitalization equities. Its primary objective is to provide total return that corresponds to the Fidelity Global ex U.S. Focused Index, emphasizing developed and select emerging markets while excluding U.S. stocks. The strategy applies a rules-based, market‑cap approach to a narrower subset of global ex‑U.S. companies, resulting in a more **focused** portfolio than broad international indexes, which can heighten the impact of country and sector positioning. The fund typically maintains at least 80% of assets in index constituents, supporting tight benchmark alignment and low turnover consistent with passive management. By concentrating on larger non‑U.S. franchises, it provides targeted exposure to multinational leaders across sectors such as technology, healthcare, consumer staples, and financials, serving as a core international building block alongside domestic equity holdings. The Flex share structure is commonly used in certain employer-sponsored or advisory platforms to deliver institutional-style pricing within diversified allocation models.